Abu Dhabi Growth Fund and Mubadala Participate in Series E in Getir
Posted on 03/17/2022
Turkish grocery-delivery startup Getir raised US$ 768 million in Series E funding at an US$ 11.8 billion valuation. Mubadala Investment Company led, and was joined by Abu Dhabi Growth Fund, Alpha Wave Global, Sequoia Capital, and Tiger Global Management. Abu Dhabi Growth Fund was created by Abu Dhabi Developmental Holding Company PJSC (ADQ) in July 2021.
Getir competes with Gopuff, Flink, Gorillas, Zapp, Cajoo, and others.
Getir got its start in Turkey and has spread across Europe and the U.S. Getir has formed tight networks of micro-fulfillment centers in dozens of urban areas. Those dark stores are operated by Getir. Getir has managed to attract 40 million app downloads across nine countries.